Polycab India Surpasses Analysts' Earnings Forecasts, Sparks Optimism Among Investors Polycab India Limited (NSE:POLYCAB) delivered a strong quarterly performance, exceeding analyst expectations and prompting updates to earnings models. The company reported revenues of ₹82 billion, a 4.7% increase over forecasts, and statutory earnings per share (EPS) of ₹51.94, which was 13% higher than the average analyst projection. These results have led to revised forecasts for the company’s 2027 financial outlook, with analysts now predicting revenues of ₹361.1 billion—a 16% rise compared to the previous year’s forecast of ₹351.2 billion. Statutory EPS is projected to climb 15% to ₹218, up from the earlier estimate of ₹212. The positive earnings beat has modestly improved analyst sentiment, with forecasts for both revenue and earnings showing a slight upward trend. However, the consensus price target for Polycab India remains unchanged at ₹9,940, indicating that the updated earnings estimates are not expected to significantly alter the stock’s long-term valuation. Analysts’ price targets range from a bullish ₹11,900 to a bearish ₹6,490, reflecting a relatively narrow range of expectations. This suggests that while there is some divergence in views, the overall outlook for the stock remains reasonably aligned. Looking at broader industry trends, Polycab India’s revenue growth projections for 2027 align with its historical performance. The company is expected to achieve 22% annualized revenue growth, matching its 22% growth rate over the past five years. This growth rate is slightly higher than the 18% annual growth projected for other companies in the industry with analyst coverage.#polycab_india #analysts #revenue_forecast #statutory_eps #insider_transactions
